Price transparency refers to the degree to which market participants can access accurate, real-time information about the current prices at which a security is being bought and sold. High price transparency—as seen on regulated exchanges like NSE and BSE—enables investors to make informed decisions, reduces the information advantage of intermediaries, and promotes fair price discovery. In contrast, OTC markets for bonds, unlisted shares, and certain derivatives historically suffered from low price transparency. SEBI's push for electronic reporting of OTC bond trades through platforms like SEBI's Centralised Database for Corporate Bonds has significantly improved fixed income price transparency in India.